AI is already a very apparent facet of our existence and continues to exert its impact across sectors by changing how we work, socialize, and make decisions. It has also been estimated that over half the global population owns a smartphone, and AI alone could be valued at trillions by 2030.
As impressive as that sounds, the further advancement of AI technology brings with it issues of centralization, data, and power which bring forth the question of whether decentralizing AI is the answer.
The Growth of AI Centralization
AI is controlled by a few tech giants and corporations that manage the extensive data and computing resources. These organizations allow the development of centralized systems, which are necessary for rapid advancement, but also create enormous risks in the form of data monopolies, resident security breaches, and automated biased decisions.
The AI industry is predicted to grow by 2030, becoming a multi-trillion industry incorporating healthcare, finance, and even manufacturing. At the same time the overly centralized system would lead to the more pronounced push towards decentralized AI, where decision making, data, models and other processes are distributed across a wider network.
The Benefits of Decentralized AI
1. Increased Protection and Anonymity
Data security is arguably the greatest risk to centralized AI systems. With decentralized AI, data isn’t stored in a designated area – rather, it’s spread out across a blockchain-based network.
This structure is more difficult to hack and provides greater protection from data breaches, which ensures improved security for both individuals and corporations. To learn more about how blockchain affects AI security, check out our piece on “Why Blockchain Matters”.
2. Increased Opportunities with AI Technology
Smaller organizations and individual users can tap into AI assets without dependency on major companies due to decentralization. This helps stimulate creativity and allows smaller companies to adopt AI without investing in costly systems.
If you’re looking to seamlessly incorporate AI in your business, don’t hesitate to check out our AI consultation offerings.
3. Reduced Proprietorship and Discrimination
The algorithms used in AI systems created by a few dominant companies are often biased because they themselves are biased, too. A decentralized AI framework ensures that there is enough diversity in the participants to provide model training and help in decision-making, thus ensuring less biased outcomes and inclusivity in AI applications.
4. Decentralization and Engagement Efficiency
Unlike traditional AI, artificial intelligence performed through decentralization is more efficient with its computational power since each node is able to perform functions independently. This substantially improves scalability further allowing AI applications to manage huge amounts of data with more ease while maximizing efficiency and minimizing the issues relating to centralized systems.
Combining Two Technologies: The Ideal Relationship Between AI and Blockchain
AI applications looking for reliable control and supervised data require trustworthiness and data integrity, for which blockchain technology is a perfect match. The immutability, transparency, and security proposed by blockchain make it the ideal candidate for the foundation of decentralized AI.
We at Blockchain Central have started to research the correlation between blockchain and AI in efforts of developing better and more secure, sophisticated, and scalable infrastructures. Learn more about our blockchain initiatives at the Blockchain Central.
A World Without Boundaries: Envisioning A Futuristic Decentralized AI
While many still consider decentralized AI to be a concept, the rest have accepted it as reality and a step further in the progression of the AI world. The shift towards model free AI is only increasing with a growing need to address the issues related to data control and privacy.
Incorporating decentralized networks along with blockchain innovations allow for AIs that even the most biased systems will have no qualms in trusting or restricting access to, making it totally free and convenient for everyone.
Now is the time to embrace this change and build an AI future that benefits everyone. Decentralization is the key to unlocking AI’s true potential—will your business be part of this transformational shift?
